Mortgage worries have 'severe' mental health impact

Research by equity release adviser, Key Later Life Finance, surveyed 1,000 UK adults aged 55+, including 104 who own their home with a mortgage. Increases in monthly mortgage payments, as low fixed rate deals end, combined with trying to balance saving some money into a pension for retirement has posed a "major" concern for many over-55s homeowners due to the cost-of-living crisis. Two thirds (66%) of were worried that mortgage repayments would hit their standard of living in retirement, while 23% worried the cost-of-living crisis will make it difficult to clear their mortgage and 20%...